Israeli RailVision joins Deutsche Bahn’s Berlin innovation accelerator

16 September, 2016

The developer of a thermal automated early warning systems for rail accident prevention will join Mindbox – DB’s innovation accelerator. Israeli ADAS developer ForeSight has recenty invested $1.6 million in RailVision

The developer of a thermal automated early warning systems for rail accident prevention will join Mindbox – DB’s innovation accelerator. Israeli ADAS developer ForeSight has recenty invested $1.6 million in RailVision

gallery-868x0-435648Israeli RailVision, The developer of a thermal automated early warning systems for rail accident prevention was chosen for 4th batch of Deutsche Bahn’s (Germany national Railway company) innovation accelerator Mindbox. The company was among 7 to be chosen out of more than 130 applicants.

DB’s innovation accelerator is located in the Janonowitz Bridge in Berlin, the seat of the national railway company’s headquarters. The accelerator focuses on railway infrastructure and mobility related startups. Companies chosen by the accelerator receive a 25,000 Euro grant, access to DB’s data sets and infrastructure, guidance from internal and external coaches and of course, 3 months of office room in one of Berlin’s most happening addresses.

A cooperation with Israels state owned Railway Company and Foresight

The cooperation with DB is not RailVision’s first cooperation with a national railway company. A few weeks ago, Techtime reported the cooperation between RailVision and Israel Railways, Israel’s state owned railway company. Israel Railway has agreed to conduct tests and to integrate the system in the company’s locomotives and trains as well as to assist in the distribution of the system worldwide, utilizing its position as national railway subsidiary and its reputation.

Israeli ADAS developer ForeSight is a major investor in RailVision. And has recently invested $1.6 million dollar’s in the company. ForeSight, which currently holds 36% control of RailVision retains the option to acquire additional 18% of RailVision’s stock giving it an option to take over control of the company.

RailVision was founded in 2014. The Israeli startup is developing a safety device that is mounted on the train locomotive. A specially adapted sensor with a unique algorithm is located on the top of the locomotive provides an alarm for any suspicious interfering object with a preliminary classification of the any object nature. This information is presented to the driver as a visual image (on board monitor) for additional exploring of the obstacle ahead of the train. The operational range of the system is up to two miles.

Share via Whatsapp

Posted in: News